The Entrepreneur’s Dilemma: Great Lifestyle Business vs. Good Exit

For many owner-run, owner-managed, one-man band businesses, sometimes referred to as “lifestyle” businesses, there comes a time when you reach the fork in the road. Continue slaving away and making good money or … getting out and taking a lumpsum for what you’ve built.?

This article discusses what happens if your great “lifestyle” business isn’t so great, and suggests what you can do about it.

The dilemma: Do you drive forward with a “great” lifestyle business that pays you a great salary and rich bonuses/distributions? In this case, the path from “good to great” seems to be backwards. It seems foolish to accept a “good” financial offer to sell your business — when you already have a “great” gig that pays you handsomely in your lifestyle business.

Many technology entrepreneurs — including VARs an MSPs — have come to a fork in the road. One lane involves a “great” lifestyle business. The other involves a “good” exit offer.

A recent article from Entrepreneur.com entitled “10 Questions You Must Ask Before Buying a Business” lists the important questions any buyer should ask a current... The post Around the Web: A Week in Summary appeared first on Business Brokerage Press.

EBITDA is at the same time the most discussed and most maligned measure of business cash flow. Simply put, EBITDA is Earnings Before Interest, Taxes, Depreciation and Amortization. The problem with EBITDA is that too often analysts or market participants or writers want to think that there is a single measure of cash flow that […]